5.5%
1.7%
€1,759m
/"S
I
67
Free Operating Cash Flow
Chief Executive Officer
Chief Financial Officer
Actual remuneration
Actual remuneration
Total fixed versus total variable remuneration
Total fixed versus total variable remuneration
Short and long-term incentive performance
Company
performance
3
CM
m
I
s
3
in
Organic Net Revenue Growth
Operating Profit beia Growth
5
Remuneration Report 2023
Part III - The Executive Board actual remuneration for performance ending in, or at year-end, 2023
5,740,799
2023
25%
2023
2023
4,339,621
Introduction
2022
3,590,981
2022
29%
24%
26%
28%
2022
2023
74%
76%
Performance measures 2023 STI
Historical STI performance
Performance measures 2021-2023 LTI
181%
168%
19%
0%
0%
2020
2021
2022
2023
Key: Base salary Short term incentive (STI)
Long term incentive (LTI) Extraordinary share award Pension contributions Other emoluments Fixed remuneration I Variable remuneration
Sustainability
Review
Report
of the
Supervisory
Board
Other
Information
Financial
Statements
Report
of the
Executive
Board
o
co
in
3
rj
s
o
o
CC
co
CM
CM
m
Heineken
N.V.
Annual
Report
2023
o
o
8
o
S
CM.
Operating Profit
beia Growth:
15%
Free Operating
Cash Flow:
25%
o
in
co
EPS beta
Growth:
25%
r
s
K
o
xO
in
2022: 21.2%
2022: 24.0%
o
CM*
tfi
IP
CO
S
rn
m
co
CM
2022: €2.409m
Historical LTI performance
198%
186%
71% M
ill
2018-20 2019-21 2020-22 2021-23
o CM
io
v» in
rx cm
SO co.
6,648,525
CM
CM
.0
I Zo
Organic Net
X. Revenue Growth:
U
Organic Operating
X Profit beia Growth:
25%
Individual leadership Organic Net
measures: X Revenue Growth:
25% 35%
o
Cash Flow:
25%
